DESJARDINS TO SELL CARTIER FUNDS
By Adnews Staff
The Mouvement des caisse Desjardins of Montreal has teamed up with Cartier Mutual Funds to distribute the company's six mutual funds. The funds will be made up of units of each of the selected Cartier funds which are under multi-management. Each will be managed by a minimum of three portfolio managers, excluding the Money Market Fund. The funds are 100% RRSP eligible and are targeted to investors looking to invest in one fund. The funds will be promoted using print ads created by Marketel of Montreal. The agreement is still subject to approval by the Quebec Securities Commission. If the deal is OK'd, the funds will be available Jan. 25.
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